According to a report from the Ministry of Construction, at the end of the first quarter of 2025, there was a local land fever in some localities such as Bac Ninh, Phu Tho, Ninh Binh, Hung Yen... Land prices in these localities increased rapidly before the information of merging provinces and cities and rearranging new administrative units. However, transactions during this time are mainly speculative.
By the second quarter of 2025, the land transfer price level will only increase slightly by about 3 - 5% compared to the first quarter of 2025. Accordingly, in Hanoi, land in Cienco 5 Me Linh Urban Area (Me Linh Commune) was transferred at about 60 million VND/m2, the average transfer price of Tan Lap Cienco 5 (O Dien Commune) was about 165 million VND/m2...
Assessing the land market from now until the end of 2025, Mr. Le Dinh Chung - Member of the VARS Market Research Working Group, General Director of SGO Homes - said that, psychologically, Vietnamese investors in general still pay a lot of attention to the land segment.
"Because the total value of a plot of land is often moderate, it does not require immediate construction. In addition, many people buy land for reserve, with the desire to build after 3 - 5 years, so this is a suitable choice for both residential and investment needs" - Mr. Chung said.
Another important factor is infrastructure. When transport infrastructure is invested and expanded, connectivity becomes more convenient, people are willing to move away from the center to own real estate at more reasonable prices. At the same time, businesses and production facilities also tend to shift to infrastructure, creating momentum for socio-economic development in these areas.
According to Mr. Chung, transport infrastructure is an important lever to promote population flow, production and economy, thereby causing real estate prices to increase, many places increase rapidly.
Mr. Chung emphasized that currently, the Northern region, especially along Ring Road 3.5 and Ring Road 4, is strongly attracting investors. He predicted that by the end of 2025, land will still be the segment that receives great attention.
Assessing specific markets, Mr. Chung said that Bac Ninh and Hung Yen are prominent localities, receiving great attention from investors. In particular, Hung Yen has recently continuously seen the appearance of many large-scale projects of leading real estate corporations, making this area the focus of investors.
Hai Phong is also a market highly appreciated by Mr. Chung, because the economy is developing stably, the level of interest of investors has been maintained sustainably for many years, although not sudden, but always in a good state. In addition, after a period of stagnation, Quang Ninh has now shown signs of recovery thanks to the return of real estate "big guys".
In addition, land in the old Ha Nam province (now Ninh Binh province) also attracted attention with the advantage of transport infrastructure, along with national highways, expressways, and railways passing through. The large investment participation of large corporations further strengthens development potential. In particular, this area, which was once considered the "cradle" of industrial real estate, is now more vibrant with many land products, becoming a trend of interest to investors.
To ensure efficiency and limit risks when investing in land, Mr. Chung recommends that investors should avoid following the crowd psychology.
In addition, investing in land needs to have a medium-term vision, with a capital recovery period of at least 1 to 3 years, instead of expecting to "surf" quickly.
